
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Weekly Company gathered the following information for the year ended December 31:
What would the predetermined manufacturing overhead rate for the year be using direct labor cost as the allocation base?
Direct labor cost incurred for the year | $180,500 |
Estimated |
$269,100 |
Estimated direct labor cost | $214,900 |
Work in process inventory, Dec, 31 | $51,000 |
Finished goods inventory, Dec. 31 | $60,100 |
Cost of goods sold | $141,300 |
Estimated direct labor hours | 260,300 |
Question 46 options:
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103% of direct labor cost
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84% of direct labor cost
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119% of direct labor cost
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125% of direct labor cost
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